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March 5th Bitcoin Silk Road
From the hourly chart, Bitcoin has been rising from 66,000 all the way up to 74,000, currently entering a sideways consolidation phase. The overall market is relatively strong, with prices consistently staying above the middle band of the Bollinger Bands; the KDJ indicator is below 30, indicating a low position and a converging state, suggesting short-term rebound potential. The overall strategy is to buy on dips.
Personal suggestion
Pull back to the 71,000-72,000 range, with a target of 74,000-75,000.
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